Menafactors

Menafactors

Forfaiting - Power to grow your exports.

  1. Description
  2. Documents

Full Description


We are a leading Corporate Financial Services company based in the Dubai International Financial Centre (DIFC) and fully regulated by the Dubai Financial Services Authority (DFSA). A wholly owned subsidiary of FIMBank Group; we are one of the leading standalone providers of Factoring and Forfaiting services in the Middle East with the ability to support Trade Finance needs of varied businesses in the region. We are also a member of the International Factors Group (IFG), a representative body of global factors and business groups with associated interests. We are strategically positioned to cover the Middle East through our partners, associates and group companies and offer a truly intra-regional product suite.

Our Products:
Factoring
Our package allows you to unlock the cash from your credit sales immediately after the invoices are assigned to Menafactors or at any future time according to your business needs, so as to save on your interest costs. You may cash up to 90% of the approved invoices.
You may enjoy risk-free credit terms by using our option of credit risk protection, which means that once you have performed your obligations under the purchase contract, you are secured from any bad debts arising from the non payment by your customer . Our package is designed to be a "ONE-STOP-SHOP" for all your trade finance needs.

Forfaiting
Forfaiting is the discounting of trade receivables on a "without recourse" basis. It is a highly effective finance tool which allows an Exporter/Seller to grant attractive credit terms to his Buyers without tying up cash flow or assuming the potential risks of late payment or default. It also protects him against adverse movements in interest and/or currency rates during the credit period.

 

 



Address:

Menafactors Limited P.O. Box 506849, Office No: ST 10-01 & 10-02, South Tower Emirates Financial Towers, Dubai International Financial Centre Dubai, United Arab Emirates

Telephone Number:

+971 4 5670100